Markets.......
2-Year yields: Nov 2011 => Today
Italy: 7.7% => -0.07%
Spain: 6.1% => -0.07%
US: 0.27% => 0.73%
17% vertical advance from Feb-Apr to new ATH, minor consolidation since. Interesting to see so much angst out there.
Market Expectations for next rate hike in...
US: Feb 2017
UK: Oct 2019
Eurozone: May 2020
Japan: Sep 2020
Dr. Lumber at its highest level since Feb 2015, up 21% YTD. $LUMBER http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2604248 …
LINN Energy files prepack Ch.11; No impact to operations
Crude Oil up 75% from the Feb lows ($26), mirroring the rally from Feb-May of 2009. $CL_F
#Nigeria Raises #Gasoline Prices Nearly 70% Amid Shortages http://bloom.bg/1QYPtM4 via @business #oil #subsidies
Bang!!! #Oil market caught wrong-footed
Crude stocks down 3.4m barrels; gasoline down 1.2m. Distillates down 1.6m.
UPDATED: #Oil disruptions in #Nigeria mount as @Shell declares 'force majeure' on Bonny http://www.bloomberg.com/news/articles/2016-05-11/nigeria-oil-output-drops-further-as-leak-compounds-security-woes …
UK News & Brexit......
Double dose of apologies from "OwnGoal" Dave..
David "OwnGoal" Cameron scores again... half ass apology after vile , uninformed depiction.
Another embarrassing moment for "Own Goal Dave ."
Table turned around , it would appear..
Osborne: Treasury and BoE doing "quite a significant amount" of contingency planning to "mitigate" impact of Brexit
Toby Young makes the case for Brexit....
EU-Turkey ......
Latest Erdogan demand to EU-give the 3bn in refugees aid directly to Turkey's Gov't and Agencies !
fred walton @fredwalton216
http://www.europarl.europa.eu/news/en/news-room/20160509IPR26368/Visa-liberalisation-for-Turkey-EU-criteria-must-be-met-say-MEPs …
As expected , European Parliament will hold Turkey's feet to fire regarding full compliance.
Refugee Crisis / Border Security.....
Austria's border control rankle...
More "interesting" information concerning plans to deal with refugee /economic migrant crisis. Fwiw
EU Report on FYROM and Greece: Overcrowded Camps, Child Detentions http://dlvr.it/LHNvR4 #Greece
Italy smuggler route busier than Greece -but look at how the numbers have fallen off.
It's come down to this for some refugees / economic migrants.
EU has mishandled its refugee crisis....
Brazil.....
Dilma Rousseff faces impeachment as Brazil's senate debates – live http://trib.al/aExKUVf
Impeachment seems certain to pass Senate , as Supreme Court rejects Rousseff appeal
Violence , serious water pollution including raw sewage , Zika virus & political turmoil impacting Gov't stability.
*BRAZIL MARCH BROAD RETAIL SALES FALL 7.9% FROM YEAR EARLIER
*BRAZIL MARCH BROAD RETAIL SALES FALL 1.1% FROM MONTH EARLIER
Libya Items De Jour.....
#Derna LNA's official spox Col. Ahmed al-Mismari announced the start of Op Derna dubbed "al-Burkan" says LNA closing in on DMSC. #Libya
#Libya UN Libya mission military chief prevented from entering Zintan by protestors. https://www.libyaherald.com/2016/05/11/unsmils-paulo-serra-prevented-from-holding-talks-in-zintan-forced-to-fly-out/ …
#Libya bad news for the GNA's Prez Council - Col. Juha the key figure in Sirte-Misrata Ops Room says can't accept membership of Ops
#Libya #Libyaoil Libya oil lifeline at risk over political rivalry (FT) http://www.ft.com/intl/cms/s/0/bb1612d4-16a3-11e6-b8d5-4c1fcdbe169f.html#axzz48GlCY931 …
MENA - Non Libya Items ......
Update: Death toll from triple car bomb attack on Baghdad rises to 93: Three separate car bombings in Baghdad... http://ln.is/www.albawaba.com/new/Siydz …
ISIS reduced to inflicting terror on defecting fighters - apart from selling chickens & eggs roadside.
#Syria The Number of Syrian Towns that Favor Reconciliation Rises to 99
http://www.plenglish.com//index.php?option=com_content&task=view&id=4869471&Itemid=1 …
Odds & Ends.....
So any chance first review wrapped by before quiet time preceding UK Referendum ?
Already taken hostage by markets , but in a Blazing Saddles fashion.....
Quite sure that he is "feeling pressure"...
Georgian-born deputy minister quits as police reform is blocked
http://www.kyivpost.com/article/content/ukraine-politics/georgian-born-deputy-minister-quits-as-police-reform-is-blocked-413535.html …
Wilbur Ross urges reconciliation between Ryan & Trump ...
Draghi as cash conspirator: Frankfurt protest planned amid fear #ECB wants to abolish cash. http://bloom.bg/1URsRUO
Germany certainly has become a source of growing controversy and one can make the arguement , Europe's big problem.
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